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US financial professionals bullish on business prospects but US economy is long-term concern

May 28th 2014 | Americas

16 MAY, MIAMI, US - The majority of senior treasury and finance professionals in the US feel more confident about their business prospects in the coming year, compared to how they felt a year ago. However, the US economy remains a concern for US businesses in the long-term. The global economic prospects remain a concern.

These were the key findings of the live poll "Treasury Verdict" session which surveyed senior US and Latin American treasury and finance professionals attending EuroFinance's 18th annual conference on International Cash & Treasury Management, held in Miami, US.

While 61% of the senior US treasury professionals polled at the EuroFinance conference said they are more confident of their business outlook for the next year, fewer expressed optimism about the global economy (just 48%). The real contrast, however, came in attitudes towards the US economy: two-thirds (66%) said they felt less confident about the US's economic prospects for the next 20 years compared to the past two decades.

Katharine Morton, editorial director at EuroFinance says:“It's clear that US companies are confident about their own performance over the next year but against that the headwinds of unresolved long-term structural financial issues in the US economy over the next 20 years pose challenges at home.”